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IVA & DRO

Discussions here cover two debt management solutions - Individual Voluntary Arrangements (IVA) or Debt Relief Orders (DRO).

Debt Relief Orders (DRO) - Information & help thread
Info from Government website : https://www.gov.uk/government/publications/getting-a-debt-relief-order/getting-a-debt-relief-order National Debtline: https://www.nationaldebtline.org/EW/factsheets/Pages/37%20EW%20Debt%20relief%20orders%20%28DROs%29/Default.aspx
Individual Voluntary Arrangement (IVA) & Debt Relief Order (DRO) Info, advice and help thread.
Updated 21/05/2023 DRO (Debt relief Order). There is info on the net and in the link provided below, but these are the main practical features - (1) Total debt must be no more than 30k (2) Must not be a homeowner (not even with neg equity) (3) Asset limit is now £2000 as well as a vehicle valued at up to £2000. (4) Monthly…
IVA & DRO Board Sticky
Hi folks :) This is the new IVA & DRO Board Sticky where links to all current important threads will be kept. Links: Debt Relief Orders (DRO) - Information & help thread IMPORTANT READ FIRST - Where to seek IMPARTIAL FREE advice DRO s and benefit overpayments IMPORTANT - Beware of advice via PM
Getting a mortgage with a spouse in an iva
Is it possible for a person not in an IVA to apply for a mortgage with a spouse that is in an IVA? I understand that the bank obviously wouldn't use the spouse on a joint application but would they consider their income on the application?
DRO has been approved but AMEX want information?
Hello everyone, I had a DRO approved at the end of June and it seems like there is a trickle of companies being notified of it already. One was super good (acknowledged the DRO and have updated records to show it has defaulted already) but the response I got from American Express has unsettled me and got me worrying that…
DRO and Court Claims
I've got a question to ask about DRO's and Court Claims if someone could help me understand this please. My DRO went live on 13/2/2025, my set aside application was granted on 27/2/2025 and now the case has been stayed on 1/7/2025 Am I correct in thinking that the case is stayed until the DRO's Moratorium period expires?…
DRO
Hello, my first post here 😊 I’m currently in process of going through my DRO application, long story short I lost my partner 4 years ago and I’m a single dad to 5 children. I had to leave work and past 3 years I’ve struggled and my financial situation has gone worse, I’ve never missed a bill up until past 2 months I went…
IVA repayment
I finished paying off my IVA almost 15 years ago and today I received a letter from a company called Debt Movement who says that after they acquired the IVAs of Aperture Debt Solutions in September 2020 they've found that I'm owed money on my closed IVA. They have stated that I don't owe them any money and to give them a…
Part time Dad expenses on a DRO
Hi guys, I am wondering if anyone can help! I am thinking about a DRO and want to know if expenses I incure as a father will be allowable. My Son in 6, Autistic and nonverbal. I see him twice a week. He has to have McDonalds nuggets on a Monday and chip shop sausages and chips on a Tuesday. Its his routine and it's best to…
How to purchase
hello, so I have a DRO that started September 2024. my concern at the moment is I obviously don’t have much disposable money a month and my washing machine has packed up. currently on the look out for a cheap 2nd hand one but just in case - how does it stand with a DRO if I was to apply for a loan through salary sacrifice…
Moved: Do I do an IVA?
This discussion has been moved.
Another post IVA issue
After successfully completing the IVA I honestly thought that was it. VWFS have finally caved and cleaned up my credit report. I managed to rent a flat, and open a current account… I received yesterday a letter from Reston’s Solictors, who it seems work for HSBC, saying that they placed a charge on my house, before the IVA…
Applying for DRO - declarations
What needs to be declared when applying for a DRO besides the debts? I would need to show my bank accounts and details, but what else would they ask for? I have a paypal account. This is not paypal credit or any part of my debt. I have £100 in my paypal balance Would they need to see anything like this paypal account?
Irresponsible lending claim after DRO
I went through a DRO in 2020 and was discharged from this in 2021. I’ve recently had an irresponsible lending claim go through the ombudsman who had agreed the lending was irresponsible. I have used a no win no fee company.However I’m worried that any redress will go to the DRO/Aqua and not myself. In this instance I would…
IVA miscalculation of full figure owed?
Hi everyone, I'm hoping for some insight or shared experiences regarding my IVA with Payplan. I'm getting what feels like conflicting information about my final balance, and I'm trying to work out if my own calculations are on the right track or if I'm missing a crucial piece of how these things are tallied up, especially…
DRO advice
Hi all.. My DRO was discharged in May so I’m currently in the clearing up stage by emailing creditors. I am currently having a problem with House of Fraser as they are still marking my account as missing payment. I have had reply from them this morning claiming that they are not on my DRO paperwork when they clearly are.…
Cancel iva and pay creditors direct?
Hi all... New to the forum Oh well, here goes Homeowner with decent equity(50%) 4 kids under 18 when I entered. 24k debts with 2 resulting in ccjs about 5 years ago Spoke to a debt company (can't remember who now) who after looking at my situation advised that an iva was the best option. 24k debts 44 months into a 72month…
Creditor Sold My Debt
Hi everyone, I’m looking for some advice. I was in an Individual Voluntary Arrangement (IVA) when I found out that Livelend sold my debt to another company. This really surprised me because I thought that once you’re in an IVA, creditors aren’t supposed to take further action like selling the debt on. Has anyone else had…
Lifetime of IVA
Anyone got experience of an IVA lasting 15 years? We had one in place 2008-2010. The courts completed it then. I have had a SO to a creditor since then. They had never contacted me to update in all that time. I stopped the SO and got a phone call to ask why. They want to update the payment plan. As I am now 70, disabled…
Regretting taking an IVA
Hi just looking for some advice, I took out an Iva 8 months ago and I’m really regretting doing it as I didn’t understand how these things worked. I feel I was a little mislead and nothing was explained to me correctly. I understand it will be my fault for not reading all the small print and understanding how much the fees…
Failing IVA - process/approach
Hi there, My IVA is going to fail, as I am not going to make further payments towards it. I have post-IVA debt and bankruptcy is going to happen sooner or later, probably sooner. Anyway - my main point - my IVA company gave me a 6-month payment break to try and solve the post-IVA debt issues (HMRC...) and this hasn't…
Paying off iva
I’m in a fortunate circumstance where I’ve been offered money from a family member to pay off my Iva in full. I have only been in it for a few months and I owe £11,250. does anyone have any experience if the creditors will accept an offer or should I pay the full amount?
DRO pre application worry.
Hi, step change have recommended a DRO for 45k of mainly Ccard debt. i have an overdraft in a joint account, what should I do about this. How are mobile and device (in contract) handled, step change left it in my budget.? Also this is the first month my Ccards have come off 0% and I’ve never missed a payment (switching and…

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IVA & DRO

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